Fannie Mae & Freddie Mac Are Cash Cows For U.S. Taxpayers

Perplexes Anti-Government GOPers Jim Puzzanghera, LA Times Federal officials swooped in to rescue mortgage finance giants Fannie Mae and Freddie Mac in 2008 with the largest of all the financial crisis bailouts — a combined $187.5 billion — because they were considered too big to fail. Now, despite bipartisan support to shut them down, Fannie and Freddie may prove […]

Fannie/Freddie Only $2 Billion Away From Paying Off Taxpayers

Tim Mullaney, USA TODAY Federal taxpayers have nearly recouped their $188 billion investment in Fannie Mae and Freddie Mac, the mortgage finance giants taken over by the government in 2008. Third-quarter profit rose sharply at both companies, each reported Thursday, letting Freddie Mac finish reimbursing taxpayers for its bailout and bringing Fannie within about $2 […]

Financially Ignorant Political Leaders

Are Financially Ignorant Political Leaders Destroying America?

Financially Ignorant Political Leaders Are Costing Taxpayers Billions Of Dollars Since starting MFI-Miami five years ago, I have attempted to talk to countless politicians on the state and local level about the financial crisis and it’s long-term impact on local municipalities. These financially ignorant political leaders respond with a confused dog look and respond with, […]

Senators Draft Plan to Abolish Fannie and Freddie

Clea Benson, Bloomberg A bipartisan group of U.S. senators is putting the final touches on a bill that would liquidate Fannie Mae and Freddie Mac (FMCC) and replace them with a government reinsurer of mortgage securities behind private capital. The legislation, written by Tennessee Republican Bob Corker and Virginia Democrat Mark Warner with input from other senators, is likely to be […]

Fannie and Freddie Stock Rockets To 3 Year High

Dan Freed, The Street Fannie Mae and Freddie Mac shares have more than doubled over the past 10 trading days on heavy volumes, adding to big gains posted in March after the shares had been dormant for several weeks. Professional investors who have long touted the junior preferred shares of the Government Sponsored Enterprises (GSEs) have shaken their heads in […]

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